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Filed Pursuant to Rule 424(b)(2)
Registration File No. 33-61297
PRICING SUPPLEMENT NO. 1
Dated November 30, 1995 to
Prospectus dated September 8, 1995.
BALTIMORE GAS AND ELECTRIC COMPANY
$225,000,000
Medium-Term Notes, Series D
Due from 1 year to 30 years from Date of Issue
(Interest Payable May 1 and November 1)
Principal
Amount: $3,000,000 $5,000,000 $5,000,000
Interest
Rate: 6.44% 5.84% 5.83%
Original
Issue Date: 12/4/95 12/4/95 12/4/95
Stated
Maturity: 12/5/2005 12/4/98 12/1/98
Initial
Redemption
Date (if any): None None None
Price
to Public: $3,000,000 $5,000,000 $5,000,000
Agent's
Commission: $18,000 $17,500 $12,500
Net Proceeds
to Company: $2,982,000 $4,982,500 $4,987,500
This Pricing Supplement relates to the original issuance and
sale by Baltimore Gas and Electric Company (the "Company") of the
Medium-Term Notes, Series D, described herein through Lehman
Brothers or Goldman, Sachs & Co., as agents.
Medium-Term Notes, Series D, may be issued under
Registration Statement No. 33-61297 (which also serves as Post-
Effective Amendment No. 1 to Registration Statement No. 33-57704)
by the Company in a principal amount of up to $225,000,000 in
gross proceeds and, to date, including this offering, an
aggregate of $13,000,000 has been issued.
